Rivian Automotive's monthly new U.S. registration numbers improved in July compared with the first half of the year, while startup Lucid Motors and Vietnamese newcomer VinFast stalled in the growing electric vehicle market, according to Experian data.
Of the 26 EV brands in the January to July data, Rivian was No. 8 with 2.8 percent of the U.S. EV market, Lucid was No. 18 with 0.6 percent, and VinFast was No. 23 with 170 total registrations, Experian said.
Overall, EVs had a 7.2 percent share of the nearly 9.1 million new cars and trucks registered in the January to July period, regardless of fuel type, up from 4.9 percent a year earlier.